Atmos Energy (NYSE:ATO) Issues FY 2019 Earnings Guidance

Atmos Energy (NYSE:ATO) issued an update on its FY 2019 earnings guidance on Wednesday morning. The company provided EPS guidance of $4.35-4.35 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.32. Atmos Energy also updated its FY19 guidance to $4.25-4.35 EPS.

Shares of NYSE:ATO traded down $0.87 during trading on Friday, hitting $108.56. 506,248 shares of the company traded hands, compared to its average volume of 652,156. The company has a market capitalization of $12.70 billion, a PE ratio of 27.14, a price-to-earnings-growth ratio of 3.75 and a beta of 0.22. The stock has a fifty day simple moving average of $107.39. Atmos Energy has a one year low of $87.88 and a one year high of $110.93. The company has a quick ratio of 0.69, a current ratio of 0.78 and a debt-to-equity ratio of 0.64.

Atmos Energy (NYSE:ATO) last posted its earnings results on Wednesday, August 7th. The utilities provider reported $0.68 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.68. The company had revenue of $485.74 million during the quarter, compared to analyst estimates of $681.16 million. Atmos Energy had a return on equity of 9.57% and a net margin of 16.94%. The business’s revenue was down 13.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.64 earnings per share. Equities research analysts predict that Atmos Energy will post 4.34 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 9th. Stockholders of record on Monday, August 26th will be issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 1.93%. The ex-dividend date is Friday, August 23rd. Atmos Energy’s dividend payout ratio (DPR) is presently 52.50%.

Several equities analysts have recently commented on ATO shares. Wells Fargo & Co started coverage on Atmos Energy in a report on Monday, July 15th. They set an outperform rating and a $119.00 target price for the company. Zacks Investment Research raised Atmos Energy from a hold rating to a buy rating and set a $114.00 price objective for the company in a report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company’s stock. Atmos Energy currently has an average rating of Buy and a consensus target price of $104.00.

Atmos Energy Company Profile

Atmos Energy Corporation, together with its subsidiaries, engages in the regulated natural gas distribution, and pipeline and storage businesses in the United States. It operates through Distribution, and Pipeline and Storage segments. The Distribution segment is involved in the regulated natural gas distribution and related sales operations in eight states.

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